November 18, 2018 Sunday
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ADA opens new manufacturing hall in Körmend
As part of an investment of more than EUR 17 million of technology development and the construction of manufacturing halls, Austria’s ADA Group, one of the leading manufacturers of upholstered furniture, beds and mattresses in Europe, has opened a manufacturing hall in Körmend, Western Hungary.
Diplomacy&Trade online | August 17, 2018

As part of the complex investment, first the new hall in Körmend was constructed together with the related purchase of assets, thus ensuring the establishment of the proper infrastructure necessary for the continuously expanding manufacturing capacity and the development of new products. Specialized in producing quality upholstered furniture, ADA wishes to meet the continuously growing demand for its products by this investment, the Hungarian Investment Promotion Agency (HIPA) reports.

The Austrian parent company established ADA Hungária Bútorgyártó Kft. as its first subsidiary abroad with its headquarters in Körmend in 1992. So, the latter celebrated its 25th anniversary last year. Having production capacities in Austria, Hungary and Romania, the Group has a significant market share in this industry. It is market leader in Austria and its Hungarian subsidiaries are also high-positioned in the Hungarian market of upholstered furniture. ADA produces around 41,000 pieces of furniture in Hungary every year. The majority of its products is exported.

This Körmend hall investment will not be the last one among the investments of ADA Group in Hungary. The Group has already acquired the territories necessary for the realization of eventual future construction investments so they have the opportunity to expand. ADA aims at long-term and stable market presence, predictable sustainable development and the continuous expansion of its manufacturing capacities.

   
   
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